EconStor >
Verein für Socialpolitik >
Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/37376
  
Title:International Equity Flows and Speculative Bubbles: Some Empirical Evidence for South-East Asia PDF Logo
Authors:Pierdzioch, Christian
Kizys, Renatas
Issue Date:2010
Series/Report no.:Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Financial Integration and Investment Decisions D9-V2
Abstract:We analyzed the links between international equity flows and speculative bubbles in the equity markets of six South-East Asian countries over the period 1991–2006. Based on a cointegration analysis, we found signi?cant equilibrium cointegration links between international equity flows and speculative bubbles. Before the Asian economic and financial crisis, an increase in speculative bubbles was accompanied by a decrease in net capital outflows. Our results are consistent with theories that predict that speculative bubbles absorb domestic savings in financially underdeveloped countries.
Subjects:Speculative bubbles
International equity flows
South-East Asia
Cointegration analysis
JEL:G15
F37
Document Type:Conference Paper
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie

Files in This Item:
File Description SizeFormat
VfS_2010_pid_284.pdf410.66 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/37376

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.